Timucuan Asset Management Inc. FL Raises Holdings in Analog Devices, Inc. $ADI

Key Points

• Timucuan Asset Management Inc. FL increased its stake in Analog Devices, Inc. by 1.0% in Q1, now holding 945,479 shares valued at approximately $190.7 million.
• Analog Devices reported Q3 earnings per share of $2.05, exceeding estimates, with revenue reaching $2.88 billion—a 24.6% rise year-over-year.
• The company has declared a quarterly dividend of $0.99, with a payout ratio of 101.02%, indicating strong cash flow management despite the high payout relative to earnings.

Timucuan Asset Management Inc. FL grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 945,479 shares of the semiconductor company's stock after acquiring an additional 9,056 shares during the period. Analog Devices comprises approximately 5.9% of Timucuan Asset Management Inc. FL's holdings, making the stock its 8th largest position. Timucuan Asset Management Inc. FL owned about 0.19% of Analog Devices worth $190,675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Landscape Capital Management L.L.C. grew its position in shares of Analog Devices by 46.7% during the 1st quarter. Landscape Capital Management L.L.C. now owns 5,658 shares of the semiconductor company's stock valued at $1,141,000 after acquiring an additional 1,801 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Analog Devices during the 1st quarter valued at $64,000. B. Metzler seel. Sohn & Co. AG grew its position in shares of Analog Devices by 48.6% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 101,996 shares of the semiconductor company's stock valued at $20,570,000 after acquiring an additional 33,365 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Analog Devices during the 1st quarter valued at $207,000. Finally, Ieq Capital LLC lifted its stake in shares of Analog Devices by 46.1% during the 1st quarter. Ieq Capital LLC now owns 32,300 shares of the semiconductor company's stock valued at $6,514,000 after buying an additional 10,197 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADI. Oppenheimer lifted their target price on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Stifel Nicolaus lifted their target price on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Truist Financial lifted their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company boosted their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Activity

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,615 shares of company stock worth $6,450,988. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $2.94 during mid-day trading on Monday, hitting $251.31. 3,598,994 shares of the company's stock traded hands, compared to its average volume of 3,942,367. The company's 50-day moving average is $237.29 and its two-hundred day moving average is $219.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a market capitalization of $123.63 billion, a P/E ratio of 64.11, a PEG ratio of 2.14 and a beta of 1.08. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business's revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio is currently 101.02%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.